Fmr LLC Has $192,000 Holdings in SecureWorks Corp. (NASDAQ:SCWX)

Fmr LLC increased its holdings in shares of SecureWorks Corp. (NASDAQ:SCWX) by 22.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,734 shares of the technology company’s stock after acquiring an additional 3,964 shares during the period. Fmr LLC’s holdings in SecureWorks were worth $192,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SCWX. Marshall Wace LLP grew its holdings in shares of SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after acquiring an additional 5,205 shares in the last quarter. Scalar Gauge Management LLC boosted its position in SecureWorks by 18.8% during the second quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company’s stock valued at $2,213,000 after purchasing an additional 50,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock valued at $2,462,000 after purchasing an additional 16,327 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after purchasing an additional 19,735 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of SecureWorks during the 2nd quarter worth approximately $127,000. Institutional investors own 14.38% of the company’s stock.

SecureWorks Trading Up 0.2 %

Shares of NASDAQ SCWX opened at $8.47 on Friday. The company has a market capitalization of $752.37 million, a P/E ratio of -8.56 and a beta of 1.00. SecureWorks Corp. has a 12 month low of $5.61 and a 12 month high of $9.76. The stock has a 50 day moving average of $8.38 and a 200-day moving average of $7.72.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SCWX. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd. StockNews.com assumed coverage on shares of SecureWorks in a research report on Wednesday. They issued a “hold” rating for the company. Finally, Barclays upped their target price on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, September 6th.

About SecureWorks

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.